What is a request for quote?

A request for quote (RFQ) is a formal document issued by a project owner or client to solicit specific pricing information from a select group of contractors or vendors for the supply of goods or services related to a construction project.

Unlike a request for proposal (RFP), which seeks comprehensive proposals encompassing the entire scope of work, an RFQ focuses narrowly on obtaining pricing for specific materials, equipment, or subcontracting services.